Key information (Q2 figures): • Net sales decreased by 2% on a lfl basis • Pricing and synergies drove improvements in operating margins and earnings • Adj. operating EBITDA margin up 210bp to 23.4% in Q2. • Adj. operating EBITDA up by 2.6% and 6.0% on a lfl basis in Q2. • But adj. operating EBITDA down by 6.7% and 2.9% on a lfl basis in H1. • 26% increase in FCF. • Net income increased by CHF318m to CHF452m for the first half, but only by CHF92m when adjust
09 Aug 2016
Profitability improvement in Q2, 2018 EBITDA target expected below CHF7bn
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Profitability improvement in Q2, 2018 EBITDA target expected below CHF7bn
Key information (Q2 figures): • Net sales decreased by 2% on a lfl basis • Pricing and synergies drove improvements in operating margins and earnings • Adj. operating EBITDA margin up 210bp to 23.4% in Q2. • Adj. operating EBITDA up by 2.6% and 6.0% on a lfl basis in Q2. • But adj. operating EBITDA down by 6.7% and 2.9% on a lfl basis in H1. • 26% increase in FCF. • Net income increased by CHF318m to CHF452m for the first half, but only by CHF92m when adjust